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Swedish Electromagnet Invest AB (publ) Confirms Completion of Divestment to PHINIA and Confirms the Early Redemption of Bond Loan

Procuritas and management shareholders have completed the divestment of Swedish Electromagnet Invest AB (publ) (“SEM”) to PHINIA Inc. (“PHINIA”) (NYSE:PHIN), a global leader in premium fuel systems, electrical systems, and aftermarket solutions, and SEM confirms the early redemption of its bond loan 2018/2026. Swedish Electromagnet Invest AB (publ) (“SEM”) sent a conditional notice of early redemption (the “Redemption”) on 11 July 2025 to all holders of SEM’s outstanding bond loan 2018/2026 with ISIN SE0011167600 (the “Bonds”). The Redemption was conditional upon Procuritas and

Swedish Electromagnet Invest AB (publ) exercises its right to make a conditional early redemption of its bonds

As announced by way of a press release dated 10 June 2025, Swedish Electromagnet Invest AB (publ) (“SEM”) intends to redeem its outstanding bond loan 2018/2026 with ISIN SE0011167600 (the “Bonds”) early in connection with the completion of Procuritas’ and management shareholders’ divestment of all shares in SEM to PHINIA Inc (the “Transaction”). The Transaction was subject to approval from the Inspectorate of Strategic Products, which is the relevant authority under the Swedish foreign direct investment (FDI) rules, and such approval has now been granted.   SEM has today sent a

Bulletin from the Annual General Meeting of Swedish Electromagnet Invest AB (publ) on 12 June 2025

Adoption of the results and discharge from liability The general meeting resolved to adopt the profit and loss statement and balance sheet and the consolidated profit and loss statement and consolidated balance sheet regarding 2024. The general meeting resolved to discharge the Board of Directors and the CEO from liability for the management of the company for the financial year 2024. Treatment of results The general meeting resolved that no dividend shall be paid for the financial year 2024 and that the result shall be carried forward. Board of Directors The general

Swedish Electromagnet Invest AB (publ) is divested to PHINIA and intends to redeem bond loan

Procuritas and management shareholders have signed an agreement to divest Swedish Electromagnet Invest AB (publ) (“SEM”) to PHINIA Inc (“PHINIA”), (NYSE:PHIN), a leader in premium fuel systems, electrical systems, and aftermarket solutions, and SEM announces intention to redeem its outstanding bond loan. Procuritas and management shareholders have today entered into a share purchase agreement regarding the divestment of all shares in SEM to PHINIA (the “Transaction”). The Transaction is subject to approval from the Inspectorate of Strategic Products, which is the relevant authority under

Operational disruptions in IT system

Swedish Electromagnet Invest AB (publ) (the “Company” or “SEM”) announces that the group’s IT system is affected by operational disruptions as a result of an incident at our IT provider Tietoevry on 20 January 2024. The operational disruptions have inter alia affected the Company’s EDI-ability to issue dispatch advice, invoices and receive order forecast from customers. We are working to get the systems fully up and running as soon as possible but there is currently no forecast for when the disruptions will be fully solved. For further information, please contact the Company:

Swedish Electromagnet Invest AB (publ) repurchase bonds

In accordance with the updated bond terms for its outstanding bond loan 2018/2023 with ISIN SE0011167600 (the "Bonds"), Swedish Electromagnet Invest AB (publ) has undertaken to repurchase Bonds on the secondary market or in some other way.   Bond holders who would like more information or who are interested in repurchasing are kindly asked to contact our CFO, Cicilia Ax, at the email address or telephone number below:   Email: cicilia.ax@sem.se Phone: +46 70 616 11 34   Alternatively, contact Caroline M. Nytvedt at Pareto Securities AB, at the email address or phone

Annual general meeting in Swedish Electromagnet Invest AB (publ) has been held today

Adoption of the income statements and the balance sheets and resolutions on dividend and discharge from liability The annual general meeting resolved to adopt the income statement, the balance sheet, the consolidated income statement and the consolidated balance sheet for the financial year 2022 and resolved, in accordance with the proposal from the board of directors, not to pay any dividends for the financial year 2022. The board of directors and the CEO were discharged from liability for the financial year 2022. Determination of the number of members of the board of directors

Magnus Hellström appointed new CEO of SEM companies on August 7, 2023

The Board of Directors has decided to appoint Magnus Hellström as the new CEO of Swedish Electromagnet Invest AB (publ) and its subsidiaries 7 August 2023. Magnus succeeds Christina Hallin, who leaves the CEO position at her own request. Christina Hallin is planned to be re-elected to the companies' boards of directors even after this year's Annual General Meeting, which takes place on May 26.   Magnus Hellström was born in 1978. He holds a Master of Science in Engineering Physics and Electrical Engineering from Linköping in 2005 and an MBA from Blekinge Institute of Technology in

SEM announces record date and payment date of the amendment fee for the written procedure under its outstanding bond loan

As announced by Swedish Electromagnet Invest AB (publ) (the “Company” or “SEM”) on 26 April 2023 in a press release (the “Press Release”), the written procedure (the “Written Procedure”) initiated on 13 April 2023 under the Company’s outstanding bond loan with ISIN SE0011167600 (the “Bonds”) was successfully concluded whereby, among other things, the maturity of the Bonds was extended until June 2026. SEM has undertaken in the Written Procedure to pay an amendment fee amounting to one (1.00) per cent. of the nominal amount of the Bonds as per the record date for the payment (being in an

SEM receives consent from the noteholders in the written procedure for its outstanding bond loan and announces the intention to repurchase bonds

Swedish Electromagnet Invest AB (publ) (the “Company” or “SEM”) initiated on 13 April 2023 a written procedure (the “Written Procedure”) under its outstanding bond loan 2018/2023 with ISIN SE0011167600 (the “Bonds”). The Written Procedure was initiated for the purpose of requesting the noteholders’ approval to, inter alia, extend the maturity of the Bonds until June 2026 and make certain other amendments to the terms and conditions of the Bonds as described in more detail in the notice of Written Procedure which is available on the Company’s web page.SEM today announces that the Written

SEM has reached an agreement in principle with certain bondholders regarding its outstanding bonds and initiates a written procedure to implement the agreement

As announced by Swedish Electromagnet Invest AB (publ) (the “Company” or “SEM”) in a press release dated 11 November 2022, SEM has negotiated a long-term solution for its financing with certain major holders (the “Ad-Hoc Bondholder Committee”) of the outstanding bonds 2018/2023 with ISIN SE0011167600 (the “Bonds”). The Ad-Hoc Bondholder Committee represents 50.6 per cent. of the adjusted nominal amount of the Bonds. SEM announces that the negotiations between SEM and the Ad-Hoc Bondholder Committee in relation to the Bonds have resulted in an agreement in principle regarding certain

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